Very difficult economic headwinds of the business cycle are coming right at us. Inflation is still a problem, the employment picture is increasingly difficult, the delinquency rate on credit cards for small banks is at an all-time high, auto loan delinquencies are at a thirteen-year-year high, and asset prices are vulnerable to disappointing business activity levels and profits.

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Government's power to control our lives—its power to tax and spend, and the enormous, but largely cloaked power to print money—has created the “great divide” in America. Unfortunately, it has pitted Americans against each other.

"Main Street Uncertainty Reaches All-Time High" (Small Business Optimism Index, September 2024): Mises.org/Minor_93_A

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Prohibition is one way the government swings the fist of violence into our daily lives.

Mark Thornton presented this talk at the Mises Institute's Supporters Summit in Hilton Head, South Carolina, on October 12, 2024.

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree.

Follow Minor Issues at Mises.org/MinorIssues.